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NATIONAL PROVIDENT FUND (1) Revenue Account for the Year ended 31st December, 1948 Amount of Fund at beginning of year £ National Provident Fund Act, 1926 £ (Ist January, 1948) .. .. 9,586,611 Refund of contributions on lapse, National Provident Fund Act, 1926 — reduction, and withdrawal (sees. Contributions ... .. .. 573,680 11, 12, and 13) .. .. 145,102 Interest .. .. .. 316,146 Refund of contributions in lieu of Fines (sec. 11 (4)) .. .. 393 pension (sec. 14) .. .. 21,934 Government contribution under Act Incapacity allowances (sees. 17 (sees. 52 and 74 (2)) .. .. 152,191 and 18), including contributions Contributions over-paid on exit .. 396 waived on incapacity (£100) .. 13,806 Benefits refunded on exit (sees. 11 Death : Refund of contributions to 16 and 28) .. .. 23,901 (sees. 15 (5) and 16) .. 39,918 Miscellaneous receipts .. .. 1 Death : Allowances on account of Refunds unclaimed .. .. 1,496 widows and children (sec. 15) .. 45,348 Pensions (sees. 13 and 48) .. 203,004 Refund of contributions overpaid on exit .. . . .. .. 396 Public Trustee : Charges .. .. 3,352 War-risk insurance premiums .. 101 Amount of Fund at end of vear (31st December, 1948) .. .. 10,181,854 £10,654,815 £10,654,815 Balance-sheet as at 31st December, 1948 Liabilities £ Assets £ Fund as per Revenue Account .. 10,181,854 In hands of Public Trustee — National Provident Fund Act, 1926 Invested .. .. .. 9,939,942 Claims due and in course of pay- Uninvested .. .. .. 28,607 ment*— Disbursement Account .. .. 7,392 Death: Refunds (sec. 16) .. 1,621 Post Office .. .. .. 28,569 Death: Refunds (sec. 15 (5) ) .. 774 Balances in transit .. .. 47,697 Death: Allowances (sec. 15) .. 253 National Provident Fund Act, 1926—■ Pensions (sees. 13 and 48) .. 1,055 Contributions outstanding or in Allowances (sec. 17) .. .. 38 course of transmission* — Refunds of contributions in lieu (a) Contributions due but not of pension (sec. 14) .. I; 402 overdue .. .. 151,955 Public Trustee: Charges* .. 806 (b) Contributions overdue .. 2,228 Refunds in Suspense .. .. 90,607 Government subsidy due under Act* Suspense Account .. .. 4,540 (sees. 52 and 74 (2) ) .. .. 152,191 Contributions prepaid .. .. 55,993 Fines due* (sec. 11 (4) ) .. .. 139 Investment Fluctuation Reserve .. 100,000 Interest due* .. .. .. 123 Interest accrued but not due* .. 80,100 £10,438,943 £10,438,943 * Included in Revenue Account. W. L. Comrie, Superintendent. R. S. Brown, Accountant. Wellington, 14th September, 1949. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—J. P. Rutherford, Controller and Auditor-General.

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